|January 28, 2004|
IMPACT Announces A $375,000 Private Placement
|IMPACT is pleased to announce a $375,000 private placement of 2,500,000 units at the price of $0.15 per unit, each unit consisting of one common share and one non-transferable warrant, each warrant entitling the holder to purchase an additional common share of the Company at a price of $0.165 for one year from the date of issuance. The proceeds of the private placement will be used for working capital purposes.|
The Company will pay a finders fee on the private placement in accordance with policies of the TSX Venture Exchange as well as certain issue related expenditures. The private placement is subject to regulatory approvals.
Vancouver-based IMPACT Minerals International Inc. is engaged in the exploration and development of precious and base metals projects in the Dominican Republic. IMPACT is 46.7% owned by Energold Mining Ltd. (EGD:TSX.V), a profitable exploration and drill contracting company.
On behalf of the Directors of IMPACT Minerals International Inc.
"Frederick W. Davidson", President
For further information please contact:
Fred Davidson - President or
Darrell Rader - Corporate Development
The TSX Venture Exchange has neither approved nor disapproved this news release.
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